Ministers unveil boost for SME funding, By Dan Martin
Two new Enterprise Capital Funds (ECFs) aimed at bridging the small business equity gap have been unveiled today by the government.
Small business minister Margaret Hodge said the funding will provide a boost for innovation, jobs and growth for SMEs struggling to secure finance.
The £30 million Seraphim Capital Fund will invest alongside leading business angels and other private investors focusing primarily on companies in early stage development.
Meanwhile, the Amadeus Enterprise Capital Fund, worth £10 millio